Byju’s lenders scrap talks to restructure $1.2 billion loan

Creditors have cancelled negotiations with Byju’s over the restructuring of a $1.2bn loan. The talks were halted after the creditors moved to court, accusing the company of withholding $500m raised. The step presents a new obstacle for the Indian edtech startup, which has been working to pacify creditors by offering prepayments and higher coupons to restructure the loan. https://ift.tt/SMrqKuw